(Bloomberg) -- U.S. property and casualty insurers
are buying back stock at the fastest rate in at least 20 years,
and that spells trouble for shareholders.
While repurchases typically boost share prices, in the
insurance industry, they're a sign that competition is pushing
premiums low enough to threaten profit growth. Property and
casualty stocks are lagging behind both life insurers and U.S.
benchmarks as commercial insurance prices decline the most since
they started falling in 2004.
Read more at Bloomberg Exclusive News
are buying back stock at the fastest rate in at least 20 years,
and that spells trouble for shareholders.
While repurchases typically boost share prices, in the
insurance industry, they're a sign that competition is pushing
premiums low enough to threaten profit growth. Property and
casualty stocks are lagging behind both life insurers and U.S.
benchmarks as commercial insurance prices decline the most since
they started falling in 2004.
Read more at Bloomberg Exclusive News
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